We’ve written before about the issue of student-loan debt and how it’s having a negative effect on real estate. (See here and here.) Now the Washington Post has written a story on the issue, “Student debt may hurt housing recovery by hampering first-time buyers.”

“The growing student loan burden,” it writes, “threatens to undermine the housing recovery’s momentum by discouraging, or even blocking, a generation of potential buyers from purchasing their first homes.”

It’s based on analysis by the Mortgage Bankers Association that found mortgage applications have dropped almost percent since October compared with the year before.

The fear is that many young adults can no longer save for a down payment or qualify for a mortgage, impeding the housing market and the overall economy.

At issue is the debt-to-income ratio for a prospective buyer, which (in order to get the best rates) can’t exceed 43 percent of income. A $100 per month student-loan payment, the article points out, could tip the balance against a recent grad looking for a mortgage for a first home.

The whole article has the details and is well worth a read — click here to do just that.